Wise Ridge Country Store

Retail-Commercial for Sale
Catylist Listing ID: 30756742
Property Subtypes: Convenience Store, Mixed Use, Restaurant
Building Size (RSF): 3,033 SF
Gross Land Area: 3.04 Acres
Sale Price: $399,900
Unit Price: $131.85 PSF
Ceiling: 12 ft.
Property Use Type: Investment, Business
Building Name: Wise Ridge Country Store
Usable Size (USF): 3,033 SF
Sale Terms: Cash to Seller
Cap Rate: 9.0%
Last Updated: 9/24/2021

Overview / Comments

Country Store with attached living quarters. All remodeled in 2020. Situated on front corner of 3 acre parcel with road frontage on Rt 600 (Loop Rd) and Wise Ridge Rd and just a few feet off Rt. 15. The sign sits on the smaller/separate parcel, that does front on St. Rt. 15, and which is included in the sale. Restaurant is well known locally for home baked goods, candy and tasty sandwiches. Small dining room can accommodate eat-ins. The store is licensed for ABC off premise sales and had the Lottery until Covid came. It can be resumed by new owner or store operator. There is room for additional development of the property such as mini-warehouses; garden/landscape center; truck or equipment rental. Current owner sells new storage sheds on consignment for commission. The sale would include all store & restaurant equipment, inventory but not the personal property in the attached living quarters. The living quarters has 3 BRs; 1 bath with laundry closet. Beautiful new kitchen, living room, and 2 car over-sized garage. Store parking lot can accommodate about 15 vehicles. Property on well & septic.

Attachments & Media

Additional Details

Nearest MSA: Charlottesville
County: Buckingham
Taxing Authority: Buckingham County
Tax ID/APN: 181-7A;172-45
Zoning: B1; A1
Retail Clientele: General
Property Located Between: Dillwyn and Farmville
Property Visibility: Excellent
Largest Nearby Street: Rt. 15
Feet of Frontage: 360
Highway Access: 5 miles from Sprouses Corner; 27 miles from Fork Union; 35 miles from Palmyra.
Airports: Richmond
Site Description: Rectangular is shape, level topo, fronting on hard surface Rt. 600 and gravel Wise Ridge Rd.
Area Description: Rural county area. Mining operation close by.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,033 SF
Property Condition: Excellent
Year Built: 1920
Year Renovated: 2020
Roof Type: Gable
Construction/Siding: Wood Frame
Exterior Description: Wood frame, aluminum siding and asbestos shingles. Well shed (pump house) is of concrete block.
Total Parking Spaces: 15
Parking Ratio: 2.1 (per 1000 SF)
Parking Type: Surface
Parking Description: Gravel parking area.
Sprinklers: None
Heat Type: Electricity
Heat Source: Baseboard
Air Conditioning: Window Unit
Internet Access: Satellite
Interior Description: Store and living quarters remodeled in 2020. The living quarters (apartment) is in remarkable condition throughout. Store has new customer handicap conforming bathroom.
Zoning Description: 3 acres is zoned B1; small corner parcel with store sign is zoned A1.
Lot Frontage: 360
Lot Depth: 383
Water Service: Well
Sewer Type: Septic
Easements: Electric Lines
Easements Description: power lines to two poles. See survey plat.
Land Ownership: fee simple
Legal Description: 3.04 acres located on Rt 600 adn Wise Ridge Rds. in Buckingham County and shown on county tax maps as parcel 181-7A and 172-45.

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,049 2,290
Median Age: 43.17 42.93
Households: 436 938

Contact

Photograph of Listing Agent

Hock Hockensmith

Roy Wheeler.com CVCMLS Member
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